Inside Retail
MAY 10, 2023
For once, department stores are leading a retail sales recovery instead of lagging it. Supermarkets (5,921 stores) gained 1.8 per cent but the big winners were department stores (190 of them) performing well above the average, with a 13.5 Meanwhile, Isetan Mitsukoshi’s five Tokyo-area stores had sales growth of 23.2
Retail TouchPoints
MAY 17, 2022
At the same time, the rental and fast fashion sectors are expected to remain relatively flat, and department stores, value chains and mid-priced specialty retail will lose ground. The fact that thrifting is now trendy doesn’t fully account for the huge growth in the sector — economics have also played a big role.
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Inside Retail
JUNE 9, 2021
Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Some of the brands have a history with Robinsons, while others are new to the department store. .
Inside Retail
FEBRUARY 8, 2023
The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021. These were underperforming stores that Covid gave a final push. Still, Bloomingdales as a chain of department stores hangs on.
Indigo 9 Digital
FEBRUARY 28, 2023
New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.
Inside Retail
JULY 19, 2022
In a crowded market like the home fragrance category, where everyone from fast fashion and beauty brands to discount department stores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.
Inside Retail
NOVEMBER 30, 2022
Robert Moore, CEO of leather goods and accessories brand Mon, said that the brand saw 100 per cent growth in November compared to the month prior, and that Black Friday and Cyber Monday accounted for over 40 per cent of monthly sales. It did so to raise awareness around waste, and over-consumerism caused by the rampant fast-fashion industry.
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